In a major demonstration of support for the shift to green energy by business, Heat Merchants Group has installed over 470 solar photovoltaic (PV) panels on the roof of its business support offices and central distribution hub in Athlone. The installation covers 835m2 of roof area and is expected to generate over 85% of the company’s electrical energy demand at the site.
The new Solar PV installation will generate up to 150kWp of renewable power and will reduce consumption from the grid by approximately 120,000 kWh per annum, thereby preventing approximately 63,480kg of harmful carbon dioxide (CO2) from being released to the environment.
Commenting on the completion of the installation, Heat Merchants Group Managing Director, Alan Hogan, said, “In making this major investment and commitment to renewable energy, we want to show by example that Solar PV technology can deliver a return on investment for both commercial and domestic installers and make a real impact in reducing carbon emissions. I believe that it is the responsibility of industry leaders like Heat Merchants Group to lead by example in adopting green technologies which allow us reduce carbon emissions while also providing a long-term return on our investment.”
A commercial installation at the scale of the Heat Merchants solar PV installation at its Athlone HQ typically costs about €178,000. With €37,500 in financial supports under the Better Energy Communities Scheme, the final cost would be in the region of €140,500. The 120,000kWh of electricity generated per annum is expected to deliver savings in energy costs of up to €427,000 over the next 20 years when adjusted for fuel inflation. Solar PV installations can also qualify for Accelerated Tax Capital Allowance administered by SEAI on behalf of the Department of Communications, Climate Action and the Environment which allows companies to deduct the full costs of equipment from their taxable profits in the same year of purchase.
Heat Merchants Group promotes sustainable energy solutions for both domestic and commercial projects. Solar PV solutions are custom designed for both domestic and commercial applications, and the recent announcement of a SEAI grant of up to €3,800 for the retrofit of solar PV into homes built before 2011 has generated huge interest in the market. Heat Merchants has also created a dedicated training facility at its Athlone HQ to demonstrate and train installers and customers in the available solar PV, energy storage and management technologies that are now coming on stream.